Trade in looks great, rates, not so much

[expphoto]

Got the highest trade in offer I have ever seen from Tesla. $25800 on a 2021 3LR. The 2024 is looking mighty fine, but those finance rates are terrible.

 

[BigNick]

Got the highest trade in offer I have ever seen from Tesla. $25800 on a 2021 3LR. The 2024 is looking mighty fine, but those finance rates are terrible.

6.59% is better than last year but still pretty bad.

 

[ucmndd]

but those finance rates are terrible.

Terrible as in not competitive with the open market for car loans right now or terrible as in just as terrible as everyone else?

 

[expphoto]

Terrible as in not competitive with the open market for car loans right now or terrible as in just as terrible as everyone else?

2x the rate from 2021.

 

[ucmndd]

2x the rate from 2021.

Yeah, interest rates are high right now. So "just as terrible as everyone else."

 

[StrykerFoxx]

Maybe you shouldn't be trading in your car every 3 years if you need to finance.

 

[expphoto]

Maybe you shouldn't be trading in your car every 3 years if you need to finance.

Don't need to finance, just seems to make more sense to tie up less funds if I am going to keep trading up.

 

[ucmndd]

Don't need to finance, just seems to make more sense to tie up less funds if I am going to keep trading up.

Well, it made a lot more sense at 2% than 7%. I’d be thinking twice at current rates.

 

[tashtibet]

waited, waited & waited and finally got traded in 2020 MYLR intently @ the very end of 2023 for $31100. Upgrades are heated steering wheel, hepa filter, 12v l ion battery, double pane glass, Rayzon chip, HW4, HD camera, improved suspension etc. Bought from inventory with $4090 discount, Cybertruck reservation holder $1000 off, 6 months free Supercharger and 10K royalty points. Now waiting for Fed & Colorado $5K EV incentive.

 

[lrd3]

2x the rate from 2021.

received 19k trade in for 2018